{"id":153092,"date":"2025-04-23T14:41:08","date_gmt":"2025-04-23T14:41:08","guid":{"rendered":"https:\/\/www.pv-tech.org\/?p=153092"},"modified":"2025-04-23T14:41:10","modified_gmt":"2025-04-23T14:41:10","slug":"pv-price-watch-polysilicon-prices-decline-again-as-market-turns-pessimistic-about-h2-demand-outlook","status":"publish","type":"post","link":"https:\/\/www.pv-tech.org\/pv-price-watch-polysilicon-prices-decline-again-as-market-turns-pessimistic-about-h2-demand-outlook\/","title":{"rendered":"PV Price Watch: polysilicon prices decline again as market turns pessimistic about H2 demand outlook"},"content":{"rendered":"\n
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From 2023 to April this year, polysilicon prices have plummeted 72%. Image: PV Tech<\/figcaption><\/figure>\n\n\n\n

For every ton of silicon produced, Chinese manufacturers incur losses – this has become the grim reality of today’s polysilicon sector.<\/p>\n\n\n\n

At a polysilicon production base in Xinjiang, trucks no longer queue up to load cargo. Piles of silver-colored silicon material are stacked high in warehouses.<\/p>\n\n\n\n

“Current prices have fallen below the cost line for 90% of the manufacturers,” said an anonymous production manager, gesturing at the inventory reports. “Production costs hover around RMB60,000 per ton, but selling prices can’t even reach RMB50,000 (US$6,861). The more we produce, the more we lose.”\u00a0<\/p>\n\n\n\n

Such scenes are playing out across China’s major polysilicon production zones. According to data from the Silicon Industry Branch, from 2023 to April this year, polysilicon prices have plummeted 72%, while the average inventory turnover days across the industry have surged from 15 to 47 days. <\/p>\n\n\n\n

A brief respite occurred earlier this year when China’s distributed PV policy (Document No. 136, previously reported by PV Tech<\/em><\/a>) triggered a minor production rebound. During this period, while the prices of solar cells and modules rose<\/a>, polysilicon\u2014burdened by substantial inventories\u2014failed to follow suit, though the pressure eased slightly. However, as the PV installation rush entered its “final countdown,” demand growth began to falter, sending industry chain prices downward again.\u00a0<\/p>\n\n\n\n

Since April, prices throughout the PV supply chain have softened, with downstream products such as wafers and solar cells experiencing a price drop of 2%-12%. During the week starting from April 16, China’s polysilicon prices broke a 13-week stabilization with a slight decline. <\/p>\n\n\n\n

The latest polysilicon pricing report from the Silicon Industry Branch reveals a lukewarm spot market with modest price drops. Among silicon products, except for granular polysilicon, all the others saw price reductions\u2014with n-type monocrystalline dense chunk silicon (used for ingots) posting the steepest decline at 2.42%. Only a few leading polysilicon manufacturers maintained stable pricing.<\/p>\n\n\n\n

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Image: the Silicon Industry Branch<\/figcaption><\/figure>\n\n\n\n

The specific price performance is as follows:<\/p>\n\n\n\n

– N-type recycled material: the transaction price range is RMB39,000-45,000\/ton, and the average transaction price is RMB41,000\/ton, down 1.68% month-on-month<\/p>\n\n\n\n

– N-type granular silicon: the transaction price range is RMB38,000-40,000\/ton, and the average transaction price is RMB39,000\/ton, remaining flat month-on-month<\/p>\n\n\n\n

– P-type polysilicon: the transaction price range is RMB31,000-35,000\/ton, and the average transaction price is RMB33,500\/ton, down 1.47% month-on-month<\/p>\n\n\n\n

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